Benjamin Kipkirui Langat

All parliamentary appearances

Entries 1881 to 1890 of 2560.

• 24 Apr 2014 in National Assembly: As has been said, this Bill tries to give effect to what the Government is planning to do, and that is planning to borrow from international markets. As a country, I think, we have come of age and this is the time the Government needs to look outside our borders for the resources it requires for the development of this country. view
• 24 Apr 2014 in National Assembly: As has been said, one of the factors causing the interest rates in this country to really rise to a level where they are now, around 20 per cent, is because the Government is a very active player in the market. In fact, if you look at borrowings in the local money market all the time, the Government is always borrowing from it. It is actually posing serious competition to other borrowers because it has the capacity to attract huge resources. But if this House allows these amendments to pass, we will simply allow the Government to borrow from the ... view
• 24 Apr 2014 in National Assembly: Hon. Speaker, I believe the day we will approve this Bill and the Government starts to borrow from international market, we will see a positive change in terms of interest rates in this country. Therefore, this is a very good amendment which this House must support. By passing it we will be solving two issues, one we will be enabling the Government to get resources from outside the country at cheaper rates. Secondly, we will be assisting our local businessmen to get loans at lower interest rates. Hon. Speaker, on the issues that have been raised by hon. Ng’ongo, I ... view
• 24 Apr 2014 in National Assembly: Hon. Speaker, my committee has looked at that matter and, maybe, at the Committee Stage, we will want to re-look at the issue of timings of the Budget Policy Statement, so that we give the House more time to look at it. Also we will give the House more time to look at the Estimates. This is because most of the times we burn the midnight oil to meet the deadlines. Therefore, this could be the opportunity to address some of the issues. My Committee will bring proposals to that effect once we agree as Members of my Committee. Hon. ... view
• 24 Apr 2014 in National Assembly: On a point of information, hon. Temporary Deputy Speaker. view
• 24 Apr 2014 in National Assembly: Hon. Temporary Deputy Speaker, I want to inform the hon. Members--- He should be aware because he is a Member of my Committee that as a Committee, on the issue of interest rates, we have identified a number of topics which we need to address in the next six months. Interest rates are one of the topics that we want to address. We want to see how to reduce them from the current level of 20 per cent to below 10 per cent. I want to inform him that, as a Committee, we are addressing that issue very seriously. view
• 23 Apr 2014 in National Assembly: Hon. Temporary Deputy Chairman, I beg to move:- THAT, Clause 2 be deleted. First of all, let me just inform the House that the Committee has consulted with the stakeholders plus the sponsor of the Bill. I want to report that we had consensus on all the issues. The amendment in Clause 2 has the effect of deleting that clause. After consultations in the Committee, we thought that this deals with fines for wrong claims. The Committee felt that if you increase it from double the amount, it will create another loophole for corrupting people. The Committee felt that two ... view
• 23 Apr 2014 in National Assembly: I propose the amendment as shown on the Order Paper; it proposes to delete Clause 2. ( Question of the amendment proposed ) view
• 23 Apr 2014 in National Assembly: Hon. Temporary Deputy Chairman, I beg to move:- THAT, Clause 3 be delete. I wish to propose the amendment as appearing in the Order Paper, which has the effect of deleting Clause 3. Let me also make a general statement about the amendments which we are presenting to the House. When the Committee sat, we had read the lips of the sponsor of the Bill, when he was moving it. His intention was to bring amendments that would really see the basic items that affect the common mwananchi exempted and prices lowered. When you look at these other amendments, they ... view
• 23 Apr 2014 in National Assembly: Yes, hon. Temporary Deputy Chairman. ( Question of the amendment proposed ) view